Schwab US Broad Market ETF (NYSEARCA:SCHB) is Breakwater Investment Management’s 2nd Largest Position

Breakwater Investment Management raised its position in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 196.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 945,384 shares of the company’s stock after acquiring an additional 626,838 shares during the period. Schwab US Broad Market ETF makes up approximately 9.0% of Breakwater Investment Management’s holdings, making the stock its 2nd biggest holding. Breakwater Investment Management’s holdings in Schwab US Broad Market ETF were worth $21,460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHB. Strategic Investment Solutions Inc. IL bought a new stake in Schwab US Broad Market ETF in the second quarter worth $28,000. Joseph Group Capital Management purchased a new position in shares of Schwab US Broad Market ETF in the 3rd quarter worth $66,000. Northwest Investment Counselors LLC bought a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter worth about $69,000. Global Financial Private Client LLC raised its position in shares of Schwab US Broad Market ETF by 200.0% during the 4th quarter. Global Financial Private Client LLC now owns 1,332 shares of the company’s stock valued at $30,000 after buying an additional 888 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Schwab US Broad Market ETF by 200.0% in the 4th quarter. GAMMA Investing LLC now owns 1,446 shares of the company’s stock valued at $33,000 after acquiring an additional 964 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

Shares of NYSEARCA SCHB opened at $23.21 on Tuesday. Schwab US Broad Market ETF has a 1-year low of $18.34 and a 1-year high of $23.73. The business’s 50 day moving average is $23.12 and its two-hundred day moving average is $22.21. The stock has a market capitalization of $10.67 billion, a P/E ratio of 25.24 and a beta of 1.02.

Schwab US Broad Market ETF Profile

Schwab U.S. Broad Market ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index (the Index). The Index is a float-adjusted market capitalization weighted index that reflects the shares of securities actually available to investors in the marketplace. The Fund’s index includes the 2,500 publicly traded United States companies for, which pricing information is available.